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Search Results 0 to 49 of about 56 (some duplicates have been removed)
health care and cuts in discretionary spending. other than that, no specifics. president obama wasn't feeling it. he said the gop must agree to one thing to get anywhere close do a deal. >>. >> wee going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> speaker boehner fired back. >> this week, we made a good faith offer to avert the fiscal crisis. now, we need a response from the white house. we can't sit here and negotiate with ourselves. >> so, here we are, just over three weeks from going over the fiscal cliff. you're probably getting a lot of stuff around the house this weekend wondering what the heck is going on in these houses in washington. this is the worst of american politics. they put themselves and their political games first and put your future and prosperity second, but hey, you voted them into office. remember what happened the last time washington got into a budget battle like this? lawmakers put a band-aid on the problem and the u.s. lost its aaa crediting rating. i've warned you over and over about the economi
and closer to current levels in 1986. president obama wants the tax cuts to expire for the wealthy only, kicking up their rate to 39.6%. a 4.6% uptick for households making more than $250,000 a year only on every dollar they make above $250,000, it's why it's called the marginal tax rate. only on the money you make on the margin. steven moore is ready to jump out of his skin after i just said what i said. david k. johnson is a pulitzer prize winning journalist. his latest big, how big companies use plain english to rob you blind. steven, while i agree that every penny counts when it comes to your own money, when you compare the taxes most americans paid out in past decades, i don't get why republicans are screaming bloody murder about this. what would be so bad with the wealthest chipping in just a little bit more? >> when you showed that chart of the tax rates and that was exactly accurate. we had 70% rates in the 1970s. by the way, that didn't turn out so well, then we cut the rates significantly. 50%, then 28 and then the rates went up to 35%. but i would love to see you super impose
imminent if we don't cut spending and entitlements . obama is a bully, inflection i believe, making demands we can't accept because his demands involve spending increases, no spending reductions, tax increases on two percent of people who won't do anything with revenues. it's totally unacceptable. at least under the fiscal cliff we have some mandatory cut, albeit us proportionately to defense spending. but it's better than accepting obama's terms crammed down our throat. boehner needs to get a told of this pr machine and paint obama as the one who is holding the country hostage. he wants to talk about holding the middle class hostage. no, it's him holding the entire country hostage and our kids hostage to his reckless spending and cynical refusal to enter the entitlement reform game. >> i don't even want to hear more about taxes. juan, shaking your head. >> i hear you, gentlemen. you guys are wonderful. merry christmas. but sean you said hyperpartisanship, and david talks about inflexibility. you know, and i'm thinking to myself, gee, where have i seen this before? i see it on the r
or not speaker boehner can deliver votes. the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough calls. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the caucus to swallow some tax rate increase if they have something to show for it. and the irony here, on a whole variety of issue, the democrats should be in favor of certain kinds of entitlement reforms. it's not actually that big of a give. on social security, as an example, democrats have won for the time being on privatization being completely off the table. there's a strong argument for trying to lock that in now as oppose eed to waiting and having that potentially come back. in addition, one of the big concerns here is doing too much fiscal austerity too soon. the more you did in the form of social
care and cuts in discretionary spending. other than that, no specifics. president obama said the gop must agree to one thing to get anywhere close to a deal. >> we have to see the rates on the top 2% go up. we're not going to get a deal without it. >> speaker boehner fired back. >> this week we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't negotiate with ourselves. >> here we are just weeks away from going over the fiscal cliff. you probably wonder what's going on in these houses in washington. they put themselves and their political gains first and put their future in prosperity second. hey, you voted them in. remember what happened the last time washington got into a budget battle like this? lawmakers put a band aid on the problem and the u.s. lost its aaa credit rating in the process. i warned you about the economic storm headed our way, partly because of europe and partly because of this fiscal cliff. i also told you about an american economic renaissance that could be just ahead. just beyond the storm clouds. the fiscal
that the spending cuts go up and become more immediate. considering that obama has been open to spending cuts in previous negotiations and says he is open to it now and republicans have changed from where they were a year ago when it comes to tax increases, i think it will not take too much to get their, although there are still obstacles. host: the $1.60 trillion and $800 billion are the opening numbers. where are we with those numbers now. have those numbers been altered? guest: i do not know if republicans have gone above $800. the question will be, will obama be able to get above $800. once you start talking about the $1 trillion number, that is a politically sensitive number. obama might want to get above $1 trillion. republicans will want to keep it below $1 to win. host: are the senate ways and means and finance committees involved in these discussions? guest: sam bachus, the ways and means chairman, they're keeping in touch. their staff are very involved, because they're the guys who know all about taxes. they are definitely going to be involved in negotiations, even if they are sligh
agree are more harmful than what obama is proposing by raising the upper two brackets. and then this party that paraded around as the big deficit hawks, the guys that wanted to control spending, the only cuts they put on the table is playing at margins, increasing retirement age from 65 to 67 and adjusting rates for social security. this hasn't presented itself as a party that wants to cut spending. on one hand you have president obama's proposal, which most agree is the responsible way of raising the debt, raising rates. and responsible cuts on entitlements and discretionary spending versus republicans who are divided against something that is a chicken hawk when it comes to the deficits, that is the boehner approach, or the more extremist position which is absolutely nothing.ç so this is an extraordinary position for the republican party to have evolved into. >> you must respond to what julian just said. >> i like julian an awful lot but i think what he said is entirely wrong. it's fascinating president obama last july, july of 2011, said we can get $1.2 trillion i
to the floor that's basically -- that will be the obama tax cut. they're going to have to vote against it. the first vote of this new congress, they're going to have to vote against a middle class tax cut. no win for these guys if they don't pass it in the next week. they can't word it between now and then. crafting a bill actually takes some time and some process. >> stephanie: yep. megan in akron ohio. hi welcome. >> caller: hi. i just have a question for you. about the viability of a challenge to this in michigan. what can they do? >> stephanie: megan, i was doing that story earlier that the unions are saying -- this fight is not over. there may be a way you know, to be able to -- i don't know the technical term for it. basically to be able to put it back -- >> negative ballot initiative. some other options. >> stephanie: if they get enough signatures -- >> the history is not on their side. every time they try to do that, it has been -- >> stephanie: look at sb5 in ohio. take heart from that. i want to ask yo
? >> okay. there is no need to raise taxes to get a deal. obama two years ago extended all the bush tax cuts for two years. there is no reason not to do that again. his reason --. melissa: he will not agree to it though. seems like the only way to get a deal done here is to give an inch much of ground? >> there is no deal if he wants to raise taxes. -phe can veto any, the republicans have already passed through the house making those tax cuts permanent. if the gnat, which hasn't acted, hasn't voted, remember the reason why we have this odd position of some of the weird polling that you're talking about which is different than the traditional polling is that we've had a news blackout about what goes on inside these negotiations. we've been insisting that we should have those negotiations between boehner, reid, everybody forgets harry reid is in the room and obama with c-span cameras there so every american can see what actually happens. if they saw what they're talking about, we would have a much better deal at the end of the day. melissa: i don't know. i think we would all be in agony watchi
, representative tim wall. putting forth the petition for the middle class tax cuts in the house. >> like that. >> stephanie: a little something for everybody this morning. here she is, jacki schechner for everybody. in the current news center. >> good morning, everybody! president obama is meeting with business leaders again today to talk about the consequences of going over the fiscal cliff. he's also claiming to call on congressional leaders to make sure we raise the debt ceiling without contention. the white house making the case that extending the bush tax cuts for the middle class is directly connected to the health of our businesses. companies need to know consumers will be able to spend and in his first post-election interview president obama again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he st
that's what w. and his crowd did. i want president obama to do what he's already doing, from the looks of things, get this deal done right and get it done on time. he knows fail to cut this on schedule is a risk of unclear dimension. nobody knows, i don't, how bad the whirlwinds will be if he we fail to do this on time. one thing for certain, no guarantee that a huge drop in faith of the world economic markets will be followed by a quick rebound. as i said, this is a real cliff, not a bungee jump. that's "hardball" for now. thanks for being with us. "the ed show" with ed schultz starts right now. >>> good evening, americans, welcome to "the ed show" from new york. senator jim demint has met his waterloo. this is "the ed show." let's get to work. >> one republican senator said, i'm quoting him now, if we're able to stop obama on this, it will be his waterloo. it will break him. think about that. >> jim demint is cutting and running. john boehner is in a box. grover norquist near oblivion. karl rove benched on fox news. and the real action of barack obama has sent the republica
to repeal these tax cuts. 60% of voters backed obama's reelection, a new poll suggests that -- >> including republicans. >> stephanie: yeah, he said republicans would take the bulk of the blame if this happens. i think we're in a strong position. >> i do too. >> stephanie: every time they talk on tv it's like lost lost lost lost you lost. this is the best thing chris, i have read thus far on this. [ ♪ patriotic music ♪ ] >> stephanie: fiscal cliff let's take the plunge in the l.a. times. the debt will fall social security and medicare will go on unharmed, and we'll go back to tax rates that work better than the current ones. many made a public plea to george w. bush not to enact these tax cuts. they said it would woesen the budget deficit decrease quality, and fail to produce economic growth. well what happened? [ bell chimes ] >> stephanie: exactly that. [ ♪ patriotic music ♪ ] >> stephanie: since then the budget deficit has ballooned, the economy has spiraled into the greatest decline since the great depression history has proved that 450 e
, if we're able to stop obama on this, it will be his waterloo. it will break him. think about that. >> jim demint is cutting and running. john boehner is in a box. grover norquist near oblivion. karl rove benched on fox news. and the real action of barack obama has sent the republican party into total disarray. >> that's what i'm talking about. >> congressman jim clyburn of south carolina and eugene robinson on the latest republican fiasco. >>> plus, congressman chris van hollen on john boehner's latest concession on the fiscal cliff. michael eric dyson and donna gentile-o'donnell on the political fallout. howard dean on chris christie's big decision on the obama care exchange. and apple's ceo breaks big news to nbc's brian williams. >> next year, we will do one of our existing mac lines in the united states. >> tonight, a story of economic patriotism in an era of bain capital with e.j. dionne. good to have you with us tonight, folks. thanks for watching. the reality of the election is start to set in on members of the republican party. republican senator jim demint of south caroli
. >> stephanie: what it does, it brings the senate past middle class tax cuts which president obama said he will sign immediately to the house. >> what we could do, if we get the 218 signatures, we'll need some help from what i would consider to be moderate to pragmatic republicans, it would be on christmas eve. we could have it done. it takes seven days after we get her done. we could do it christmas eve. president said they would sign it. what i think is stephanie it changes the entire debate on this. it gets away from this -- we crafted this deadline and it is an artificial deadline we crafted but it is serious. it is ludicrous. the people don't understand it. like in any other, they do these oversimplifications of the kitchen table budgeting. well if you use their analogy on that, when you can't decide on something, pick the things out you can. this is an easy one. republicans say they want it. they'll vote for it. i can find no reason why you wouldn't do it. >> stephanie: representative, obviously there's -- separate
not offered a single serious cost-cutting measure. tell me what you think barack obama is going to do to say i need a yes vote on this. he's gotten as worried about whether grover norquist now defines the republican party. because as we all know, if we are not worthy of the news media respect we are a party that will disappear. listen to the tone of the language when you watch the morning show or even fox and friends or this whole schtick. grover did something very important. he came up with the idea of the new tax increase pledge as a way of drawing the line in the sand and let me be clear about my background in the tax increases under ronald reagan i voted against the tax increase of george h. w. bush that it was a disaster, fundamental mistake coming and when we balanced the budget for four straight years, we did it by cutting taxes to accelerate economic growth. so i clearly represent a different view. [applause] but i have no problem if somebody wants to break their new tax pledge. if they are prepared to go home and explain them but this idea that they are treating this posturing and sev
forces with immovable objects will be felt around the world. president obama says he won't budge when it comes to ending the bush tax cuts for the wealthy. and as rumors mount that some republicans may be willing to give ground on taxes, conservatives in the party are shouting, "remember the alamo!" and demanding their leaders in congress yield not an inch. dozens of conservative activists, outraged at the prospect of compromise, have sent an open letter to republicans in the house and senate "to stand firm and not surrender your conservative principles." their hero, of course, is this man, known around town simply as grover. no, not the muppet, but chief enforcer of the notorious norquist pledge against taxes. republican candidates for office must sign or risk defeat by right-wing candidates in primaries where a turnout of die-hard partisans can decide the outcome. among republican politicians, fear of grover has been greater even than fear of god, and such fear has kept republicans in congress from voting to raise taxes for 22 years, all the way back to 1990. mickey edwards was stil
from president obama. >> i'm hopeful we can reach an agreement. this is a serious issue. there's a lot at stake. the person people sent us here to work together towards the best possible solution, and that means cutting spending. the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. >> meanwhile despite all of the back and forth, the market is seemingly optimistic today. at least some form of a deal will be released. we've been up 100 points on the dow industrials for the past hour. senator mark warner of virginia perhaps putting it best saying compared to the size of our economy the current proposals are relatively small and government should step up and get a deal done. >> we're joined by representative lee terry, republican from nebraska represents the district home to a guy we all know, warren buffett. >> pretty famous guy. >> we spoke to some folks already today. we're not hearing many details. what details have you received specifically from the democrats on the spending cuts they are willing to ma
are reportedly considering is to accept tax cuts for the middle class, allow rates to go up for the wealthiest, and then start the fight over again during debt limit talks early next year. yesterday at a business roundtable of ceos, president obama took a hard line, warning his opponents not to consider this strategy. >> if congress in any way suggests that they're going to tie negotiations to dell creting votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game. >> well, i wonder, the president's saying, steve, that, you know what, we can raise rates now and maybe lower them later next year so republicans are now saying we can raise rates now. maybe we'll lower them later and we'll talk about it during the debt ceiling. now he's saying no, we're not going to talk about it then either. when would we have this debate when we were renaming post offices in july? can you clarify something for people that are watching? republicans are talking about raising taxes on
for congress. and president obama's credit card. let them give up some deductions. let them take spending cuts and be fiscally responsible. the pros and cons, i have seen people that do not pay in and get $1,000. but it does not matter how much we pay or take away, but there is still spending. i do not care what your income is, i am a real-estate agent. that is how i make a living. it is very important for a young couple, to put them in a home. to help them throughout the years. far as i'm concerned, president obama had unlimited spending dollars. host: how much does the mortgage deduction help you and your business? caller: it is extremely important. host: does it help your bottom line? do you think you do more sales? caller: yes, it does. it makes more people eligible. these kids, these couples, they work very hard to say about their money, their down payment. yes, it is very important. host: this is what vivian says on twitter -- host: anthony responds by saying -- host: this news from "the wall street journal." "unions deliver a blow." with a look at what is happening in michigan, thousand
a bill that would extend the tax cuts for 98% of families and 97% of workers. president obama said he'd sign it intaw law. into law. he even showed us the been. all the house has to do is let it come up for a vote, pass it and middle-class families can go into these holidays with the certainty they deserve. mr. president, i want to be very clear about something because some of my republican colleagues seem intent on confusing the issue. republicans don't have to support taxes going up on the rich in order to vote for our bill to keep taxes low on the middle class. let me repeat that. republicans can believe that the bush tax cuts for the rich should be extended, they can remain committed to fighting for that misguided policy, in my opinion, and they can still vote on the portion of the tax cuts we all agree should be extended to the middle class. then middle-class families would win, we would have worked together to extend tax cuts for 98% of workers and 97% of small business owners, and then when the middle class is taken care of, i'd be happy to engage my republican colleagues in a
of the overspending of obama's first term by having 4% growth instead of 2% growth. and we know how to do it, because we did it under reagan. >> but why would you cut spending then, spending that's supposed to encourage the economy to get better so you get more growth and get rid of your deficits? >> i think -- well, i think we should, one -- first of all, we have to pay down the debt he ran up. we're spending $1 trillion more each year, the federal government -- we, the federal government is spending $1 trillion more each year than when obama walked into office. it's that overspending we need to bring down. raising taxes doesn't solve the overspending problem. it feeds it. and, again, we have been through this lucy and the football thing in '82, in '90. we didn't take the advice of the tax increase last year, and we got spending restraint for the debt ceiling. remember, the republican house has a tremendous power over the debt ceiling. so all this stuff about how we have to bend to the emperor's will isn't true. >> all right. grover norquist, thanks very much. we appreciate yourtation the time tonig
, at least under the fiscal cliff we have some mandatory cutting, albeit disproportionately to defense spending but it's better than accepting obama's terms crammed down our throat. boehner needs to paint obama as the one who is holding the country hostage. he wants to talk about holding the middle class hostage? no it's him holding the entire country hostage and our kids hostage, with his krin call refuse ool to enter the entitlement reform game. >> wow, he is really bad. >> stephanie: yeah i can see why he didn't get the radio show. >> sheky. >> stephanie: that was so merrill osmond. >> merrill was kind of the leader. >> stephanie: i dove donnie. steve doocy. >> europe is great because they have wonderful food and runny cheeses, but we shouldn't base our policies on theirs because they are stinkers. >> we should base it on singapore where they have no unemployment, and they have a competitive market. that protects workers. >> stephanie: we should be like singapore? >> oh my god. holy crap. he is a bigger idiot than i thought. he is not even trying to hide what
. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime, speaker boehner says he is still waiting on specific spending cuts. joining us now for analysis, tony fratto, of hamilton place strategies and former white house press secretary and gerald bernstein former economic adviser to vice president joe biden. gentlemen, thank you for being here with us and getting this special day of coverage kicked off for us. >> rising early and rising above. >> exactly. let's talk about this. jared, it seems like things have gotten quieter. do you think that's the case? is that a good sign? >> i think it's probably a pretty good sign. if you look at this morning's papers, you see a number of articles suggesting that there's a bit more compromise in the air. my concern is that tomorrow's papers may say the opposite. so interestingly, there's been some pretty leak free discussions going on, which i actually think is a good thing. they're obviously big, outstanding questions. you mentioned the tax rate
the country at risk for ideological gain. that's what w. and his crowd did. i want president obama to do what he's already doing, from the looks of things, get this deal done right and get it done on time. he knows fail to cut this on schedule is a risk of unclear dimension. nobody knows, i don't, how bad the whirlwinds will be if he
. >> you think that, you know, we haven't even talked about regulation, obama care, any of that stuff, so fixated on the spending cuts that are coming and the tax increases. that's not going to be an issue for foreign investment? this is still the best place? we can get through all of these -- this regulatory environment, this increase so much and it's going to continue to -- >> look for all the regulatory challenges that we have, we still have the most transparency, the clearest rule of law, the most proven record of succession of power of anywhere in the world. >> yeah. >> so the confidence level can be there. in terms of being fixated on tax increases, i think senators have been very clear about that. the proposed tax increases are actually pretty small in the scope of the overall program that we're talking about. >> let me just, and i appreciate the work, frits, that you and others are doing. i've met with members of the fix the debt coalition and the advocacy that you're providing for a balanced plan. but we've encouraged members of your coalition to do is to impress upon the white h
starting to form an opinion that if president obama wants to go over the fiscal cliff, it appears that way, because he has had no credible counteroffer. he says i will give you cuts in the future but he is not specific. his speeches are always peppered with we have to invest. he does not mean in the private sector. he wants more the firefighters, teachers, policemen. this adds to the public debt. we are borrowing, from what i read yesterday, 46 cents on every dollar. that appears to me to be untenable. i am no fan of john boehner but he makes an offer that got him in touch with the rest of the republicans, by the way, because they said he was capitulating but now, obama comes back with it is not good enough. host: let me go back to the "washington times"store rate -- guest: in the current environment that is the correct policy. there's only one component of gdp growth providing growth and that is the federal government. in the current environment, you don't want to reduce that substantially. host: when do you bend that curve? guest: i think we are past passing stimulus bill. we have been g
: thank you as always. melissa: president obama had to try to seeking more support for the fiscal cliff plan. peter barnes is here with the latest. >> just over an hour they will speak at a diesel engine plant persoextending tax cuts for fedl tax workers. keeping up the pressure on republicans to cave on taxes after the president and speaker john boehner met at the white house yesterday in a spokesperson said discussions with the white house are taking place, but we have no details to share about the substance of those conversations. they say perhaps the best strategy for them is to accept some higher tax rate the president is demanding, get that off the table and combat entitlement reform early next year the president can work for increasing the debt ceiling. republicans will have a little bit more leverage. speak a lot of people putting forward a theory, and i think it has merit for you give the president to 2% increass he is talking about, the rate increase on the top 2%, so there is a growing body. i'm beginning to believe that is the best route for us to take. speak loudly the deci
Search Results 0 to 49 of about 56 (some duplicates have been removed)